Business Finance Analyst
5 months ago
Location: Petaling Jaya, Malaysia
Company: Nestlé Malaysia
Full-time
Bachelor’s Degree
5+ years of experience
**A day in the life of a Business Finance Analyst**
Accounts Receivable:
- Review AR ageing and provide report to F&C Manager on receivables ageing status; follow up with Key Account Managers and/or Customers on unpaid overdues.
- Review dunning mail list for NBS AR to send reminder to customers.
- Review open balance analysis and coordinate resolution actions.
- Coordinate exceptional refunds that need to be performed separately from CN process.
Cost control management including Dynamic Forecast:
- Work in collaborative manner with respective function to review overhead and operational cost.
- Review monthly performance and ensure timely reflection cost.
- Update cost forecast templates with actuals MTD results for DF preparation
- Perform DF vs Actual’s analysis and communicate to respective Head of Functions.
- Have discussion session with Head of Functions on cost forecast.
- Prepare cost center report on monthly basis and review with F&C Manager
- Prepare/Update Retail Operation Cost P&L for review with F&C and Retail Manager
- Update T&E report and review with F&C Manager
- Ad-hoc sample review T&E spends and share findings with F&C Manager
- Support F&C Manager on ad-hoc request for bottom line analysis
- Update cost forecast accuracy by function and share with F&C Manager
- Controller of overhead budget for Nespresso Malaysia operations. ie. Training etc.
- Review and report performance of overheads during period end closing.
- Ensure period recognition of accruals and ensure timely reflection of operational cost.
- Joint effort with Accountant to continuously review and implement business processes.
Day to Day Financial Accounting Management:
- Ensure period recognition of accruals and ensure timely reflection of operational cost.
- Joint effort with Accountant to continuously review and implement business processes.
- Supervise Junior Accountant on day-to-day activities.
- Support the Junior Accountant on month end closing activities.
Governance
- Custodian of internal controls for the CC&S and support functions & Review and implement policies as necessary.
- Update Travelling and Expenses (T&E) report and review with F&C Manager
- Ad-hoc sample review T&E spends and share findings with F&C Manager
- Review SOD with F&C Manager & Review Fraud Report (BFC)
- Coordinate Annual NIMBUS (Internal Control) exercise and oversee E2E process
- Review ISIT Request Form from Function to F&C Manager
- Coordinate BCM test with NBS on all relevant processes, Review Nessoft user access
Other duties
- Participate in physical stock count with supply chain
- Prepare/Update bad goods reporting
- Review monthly provision of bad goods with supply chain
- Review Bad goods with F&C Manager
- Assist in other finance operational activities as necessary.
- Facilitate in continuous improvement initiatives.
- Assist Finance & Control Manager as required
**What will make you successful**
- More than 5 years of relevant experience, preferably from a fast-moving consumer goods (FMCG) industry experience
- Acquired a University Degree (Finance, Accounting, Actuarial Science, Mathematics) or equivalent
- It could be a plus, If you are an ACCA / CPA / CIMA / ICAEW graduate
- Competency and exposure in budgeting and planning is mandatory.
- Prior experience in audit or internal controls is an added advantage
- Excellent knowledge of Excel, exposure to Power Tools is a plus
- Good analytical skills and eye for detail
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